Junk Bonds: How High Yield Securities Restructured Corporate America - Couverture rigide

Yago, Glenn

 
9780195061116: Junk Bonds: How High Yield Securities Restructured Corporate America

Synopsis

This is a study of the high yield bond market, popularly called `junk bonds.' Glenn Yago has studied how companies that use junk bond financing compare in economic performance with their industry averages. This book shows that, contrary to what might be assumed, especially in view of the mixed reputation junk bonds have, the performance of these companies was superior in the vast majority of cases.

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À propos de l'auteur

Glenn Yago is Director of the Economic Research Bureau and Associate Professor of Management at the State University of New York at Stony Brook. He has testified before federal and state committees and his articles have appeared in The New York Times, The Wall Street Journal, and many other publications. He is also a director and principal in both a start-up and a turnaround company.

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